Trump makes bitcoin even more political when he speaks at this well-known crypto conference
Donald Trump, the former president of the United States, seems to be turning his attention to the crypto world. There are rumors that he will speak at the upcoming Bitcoin Conference in July. This news raises questions about the role of cryptocurrencies in American politics.
The Bitcoin Conference: An important stage
The Bitcoin Conference, taking place from July 25 to 27, is one of the largest gatherings for Bitcoin enthusiasts worldwide. In 2022, the event attracted no fewer than 35,000 visitors. If Trump is indeed here speaksthat would send a strong message about its stance on cryptocurrencies.
Not just Trump
Trump would not be the only political figure at the event. Robert F. Kennedy Jr., an independent presidential candidate, is also on the speakers list. In addition, several senators will speak. This shows that crypto is becoming an increasingly important topic in American politics.
Possible consequences for the crypto market
Some market analysts believe that a Trump victory in the 2024 presidential election could be good for crypto prices. They see crypto as a potential “Trump Trade,” which could benefit the Republican Party.
With caution
Yet there is reason for caution. Research shows that Trump only fulfilled 23% of his campaign promises during his first term as president. So it is not certain whether his current pro-crypto stance will continue if he returns to power. And if he does come to power, the question remains whether he can keep all his promises.
Source: https://www.politifact.com/truth-o-meter/promises/trumpometer/
The coming months are crucial
The first presidential debate on June 27 is seen as an important moment. Here, Trump and his opponent Joe Biden will likely share their views on the future of crypto in the US.
Trump’s possible appearance at the Bitcoin Conference shows how cryptocurrencies are playing an increasingly important role in American politics. Whether this will lead to concrete changes in legislation and policy remains to be seen. For anyone interested in crypto, it will certainly be interesting to closely follow political developments in the coming months.
